Eating Disorder Clinics in the US Industry Market Research Report Now Available from IBISWorld
Although the recession caused more people with eating disorders to avoid spending money on treatment, industry revenue still grew slightly during the five years to 2013, partially due to increasing understanding and awareness of the prevalence of eating disorders. For these reasons, industry research firm IBISWorld has added a report on the Eating Disorder Clinics industry to its growing industry report collection.
Los Angeles, CA (PRWEB) September 02, 2013
Today, more than 11 million Americans suffer from eating disorders, such as anorexia, bulimia and binge eating. Eating disorders, which have the highest mortality rate of any mental illness, are most prevalent among adolescents between the ages of 12 and 25. Despite the severity of eating disorders and the necessary nature of medical treatment, eating disorder treatment is often deemed a nonessential health benefit, especially by health insurance companies. “Because of the large gap in access and coverage, a number of individuals coping with eating disorders have to rely on their own financial resources,” according to IBISWorld industry analyst Anna Son. As such, the Eating Disorder Clinics industry was not completely immune to the recession, during which many cash-strapped patients were no longer able to afford costly treatment. Nevertheless, the industry has since gained traction on the back of rising demand and improving economic conditions. IBISWorld estimates that the Eating Disorder Clinics industry's revenue will grow at an average annual rate of 1.7% during the five years to 2013. In 2013 alone, revenue is expected to increase 5.2% to total $2.7 billion. Despite the prevalence of eating disorders, they continue to receive inadequate research funding. While research dollars spent on Alzheimer's disease and schizophrenia averaged $88 and $81 per affected individual, respectively, only $0.93 was allocated to individuals affected by eating disorders, based on 2011 data from the National Institutes of Health. “As a result, lack of research on most effective methods of treating the mental and the physical aspects of eating disorders creates unclear protocols for treatment and leaves some wiggle room for insurance carriers to opt out of providing the coverage,” says Son.
The Eating Disorder Clinics industry is characterized by its large number of small-scale establishments that service relatively narrow, geographically dispersed markets. The fragmented structure of this industry is evident in the total number of private firms and independent eating disorder clinics. Additionally, many participants employ fewer than 10 people. The larger-scale players in this industry are multi-establishment firms that operate across many regional markets and typically maintain permanent operations in each location.
Over the next five years, the destigmatization of eating disorders will underpin industry demand as more people come out of the shadows and seek necessary treatment. In addition, healthcare reform that is expected to expand coverage to millions of previously uninsured individuals will be a boon to industry growth. Beginning in 2014, as a part of healthcare reform, insurance companies will no longer be able to deny coverage to those with preexisting conditions, and expanded Medicaid coverage will provide low-income individuals with greater access to treating disorder treatment. As a result of growing demand, industry revenue is forecast to increase over the five years to 2018.
For more information, visit IBISWorld’s Eating Disorder Clinics in the US industry report page.
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IBISWorld industry Report Key Topics
This industry includes establishments devoted to the diagnosis and care of outpatients with disorders that affect, disrupt or more generally involve eating. Common eating disorders include anorexia nervosa, bulimia nervosa and binge eating. Industry firms are often associated with hospitals or medical schools as treatments for eating disorders usually involve psychotherapy, nutrition education, family counseling, medications and hospitalization.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
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Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/9/prweb11080837.htm